Market failure describes the inability of a market to bring about the allocation of resources that best satisfies the wants of society.
The suboptimal dispersion of products and services in the free market is known as the market failure. In a typical free market, the supply and demand factors ascertain the prices of products and services, and any change in any of the force's effects in a change in price and a subsequent change in the other. The price equilibrium has been reached as a consequence of the changes.
Market failure takes place when the market is outside of equilibration as a result of market disturbance. It happens whenever the number of products or services provided is inadequate to satisfy the quantity of products or services demanded. Monopoly, price controls, basic wage criteria, and regulatory changes are all examples of market failure.
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Market failure describes the inability of a market to bring about the allocation of resources that best satisfies the wants of society.
Market failure is characterized in macroeconomics as a scenario where the distribution of goods and services by a market economy is not Perfectly efficient, often causing a net loss in economic value. Market failures can be described as situations wherein the individual people' quest of pure self-interest gives rise to unproductive results that can be enhanced from a social and economic point of view.
The term market failure was first used by economic experts in 1958, but the idea can be traced all the way back to the Victorian philosopher Henry Sidgwick. Essential services, time-inconsistent preferences, imperfect information, non-competitive markets, principal-agent problems, or economic effects are typically associated with market imperfections.
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denise works for a cell phone company that provides almost 50% of wireless service in the country, and only 3 other companies are competing with them for customers. what degree of competition describes the wireless industry? group of answer choices
Answer:
The degree of competition that describes the wireless industry is oligopolies.
Explanation:
Telecommunication services lie under oligopolies. Oligopolies are basically a degree of competition that contains a small number of sellers, offering the same service. This results in small competition and one can dominate the industry easily.
Just like as Denise works for a cell phone company that provides 50% of wireless service in the country and only has 3 competitors in the market offering the same wireless service. Thus it lies under the characteristic of oligopolies.
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factory overhead is estimated to be $30,000 and is applied on a basis of direct labor dollars. this overhead cost is not traceable to any particular product. factory overhead allocated to product 2 is
Factory overhead is projected to be $30,000 and is applied on a basis of direct labor dollars. This overhead cost is not linked to any specific product. Allocation amount is $10,000 factory overhead allocated to product 2.
What is Direct Labor?
Employee work that directly contributes to the creation of goods or the rendering of services is referred to as direct labor. Direct labor may be classified by some businesses according to a particular product, cost center, or service request. A residential painting business, for instance, may classify its direct labor expenses according to the homes it is painting. The forms of employee compensation that are regarded as direct labor expenditures depend on an organization's nature.
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suppose marcy's medical machines operates in a perfectly competitive market and is producing its profit-maximizing level of output. suppose further that at this level of production its average total cost is $1500, average variable cost is $800, and its price is $1300. at this point in time, marcy should
Marcy's medical machines operates in a perfectly competitive market and the level of production its average total cost is $1500, average variable cost is $800, and its price is $1300. So that, Marcy should maintain her current level of production since she is earning a positive economic profit.
Level of production can be defined as the amount that is produced. Level of production is a way of classifying production. The amount of level production of a country is affected by the extent to which a country is able to exploit the resources available and the resources available.
Level of production can be divided into 4 types, such as:
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restricted cash is reported . multiple choice question. separately as an asset on the balance sheet with other revenue on the income statement separately under stockholders' equity on the balance sheet together with cash and cash equivalents on the income statement
Restricted cash seems one at a time from cash on the stability sheet, whilst its cause is disclosed in the financial announcement footnotes. restricted coins can be used as collateral for a mortgage or for capital fees which include a factory upgrade or device purchase.
A company's balance sheet should consist of all belongings and liabilities, together with coins.
Restrained coins is mentioned one at a time from cash and cash equivalents on a corporation's balance sheet, and the purpose the coins are restrained is normally revealed inside the economic assertion's accompanying notes.
Restricted cash may be categorized as a protracted-time period asset, or a cutting-edge asset (one year or less limit), and when the restriction goes away/matures, it will become coins and cash equivalent.
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A basic test of the usefulness of the market segmentation process is whether it leads to tangible marketing actions that can.
A basic test of the usefulness of the market segmentation process is whether it leads to tangible marketing actions that can increase sales and profitability.
Market segmentation is a marketing strategy in which select groups of consumers are linked so that certain products or product lines can be presented to them in a way that appeals to their interests.In marketing, request segmentation is the process of dividing a broad consumer or business request, typically conforming of being implicit guest, intosub-groups of consumers grounded on some type of participation characteristics.
Demographic, psychographic, behavioral and geographic segmentation are considered the four main types of request segmentation, but there are also numerous other strategies you can use, including multitudinous variations on the four main types. Then are several further styles you may want to look into.
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a price floor attempts to keep prices . select one: a. lower than the equilibrium price. b. at the equilibrium price. c. higher than the equilibrium price. d. constantly adjusting to quickly reach equilibrium
higher than the equilibrium price. Support price or minimum price is also called floor price, minimum support price is a law or regulation with holds the market price above the equilibrium price or higher than the equilibrium price.
In economics, economic equilibrium is a state of affairs wherein economic forces consisting of supply and demand are balanced and in the absence of external impacts, the (equilibrium) values of monetary variables will no longer trade. For example, in the fashionable textual content ideal opposition, equilibrium takes place at the point at which the amount demanded and quantity supplied are identical. Marketplace equilibrium in this example is a situation wherein a market fee is installed thru competition such that the amount of products or services sought with the aid of shoppers is identical to the number of products or offerings produced via dealers. This fee is frequently referred to as the aggressive charge or marketplace clearing rate and will tend not to exchange until the call for or supply changes and the amount is called the "competitive quantity" or market clearing quantity.
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What type of analytics recommends one or more courses of action, identifies the likely outcome of each decision, and quantifies the effect of future decisions in order to advise on possible outcomes before the decisions are actually made?.
Prescriptive analytics make decision one or more courses of action, identifies the likely outcome of each decision, before the decisions are actually taken.
What is Prescriptive analytics?
Prescriptive analytics makes an effort to quantify the impact of future actions. It is a subset of data analysis that seeks to provide a solution to Through the examination of raw data, technology is used to assist organizations in making better decisions. Prescriptive analytics makes recommendations for a course of action or strategy based on knowledge about potential situations or scenarios, available resources, historical performance, and present performance. It may be applied to decision-making on any time scale, from the short term to the long haul. Descriptive analytics, on the other hand, assess choices and results after the event.
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parkway void co. issued 14-year bonds two years ago at a coupon rate of 8.7 percent. the bonds make semiannual payments. if these bonds currently sell for 111 percent of par value, what is the ytm? (do not round intermediate calculations and enter your answer as a percent rounded to 2 decimal places, e.g., 32.16.)
The annual return an investor will receive throughout the remaining term of the bond is expressed as a percentage and is referred to as the yield to maturity. It is determined by taking into account the cash flows that the bond will generate over its remaining life.
YTM = 4 % + 1 , 130.06 − $ 1 , 010 / $ 1 , 130.06 − $ 986.84 × (5%-4%)
4.83 percent per six months
Annual percentage is 9.66% (4.83% x 2)
The term "yield to maturity" means what?
Yield to maturity (YTM) is the overall rate of return a bond will have earned once it has paid all interest and repaid the principal. YTM is basically the internal rate of return (IRR) on a bond if held until maturity.
A bond with a 5% YTM should provide an annual return of 5% if kept until its maturity date.
Yield to maturity (YTM) is the overall interest rate that an investor earns on a bond when they purchase it at market value and hold it until it matures. It is, mathematically speaking, the discount rate at which the total of all upcoming cash flows—including principle repayment and coupon payments—equals the bond's price.
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calculate bond price if the coupon payment is 8%, yield for the bond is 10%, bond's face value is 1,000 and matures in 6, if paid semi-annually (enter the answer in dollar format without $ sign or thousands comma -> 3519.23 and not $3,519.23 or 3,519.23)
The answer of the bond price is $911.37
What is bond price?
Daily monitoring of bond prices is valuable for determining the direction of interest rates as well as, more broadly, the future of the economy. Not surprisingly, they play a significant role in a properly managed as well as diversified investment portfolio. Bond yields and prices are always subject to price fluctuations, particularly during times of rising as well as falling interest rates. Let's talk about the connection between bond yields and prices. If you purchase a bond right away, its face value will be its price, and its yield will be equal to its coupon rate. That is, you will receive exactly that if you purchase a bond with a three-year interest rate of 1%. You will receive the bond's face value back once it matures.
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suppose chile uses one unit of labor to produce a banana and three units of labor to produce an avocado. suppose argentina uses two units of labor to produce a banana and one unit of labor to produce an avocado. in this case, chile:
Suppose Argentina uses two units of labor to produce a banana and one unit of labor to produce an avocado. in this case, Chile has a comparative advantage in producing banana.
Argentina is an emerging nation. After Brazil, its economy is the second-largest in the entire continent of South America.
Argentina benefits from a diverse industrial foundation, abundant natural resources, a highly educated populace, and an agricultural sector focused on exports. Argentina's economic performance has traditionally been quite erratic, with periods of rapid expansion and severe recessions interspersed, especially since the late twentieth century. Since then, poverty and unequal income distribution have risen. Argentina had one of the top ten greatest per capita GDPs worldwide at the start of the twentieth century. In addition to being superior to France and Italy, it was on level with Canada and Australia.
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a lower density zoning code in a high-rent-apartment neighborhood has changed the usual comparison units and rules of thumb for land value. if vacant apartment-zoned lots could formerly be developed to 12 units each, but now can be developed to only 6 units each, what value change is likely?
If a high-rent apartment neighborhood's lower density zoning regulation standard reference units and general guidelines for determining land value, a fall in the value per square foot change is likely to occur.
The density of homes per square foot of land, such as an acre, is controlled by low-density residential zoning rules. There isn't a standard low-density zoning rule because every town typically adopts its own based on its requirements and preferences. If a high-rent apartment neighborhood's lower density zoning regulation standard reference units and general guidelines for determining land value, a fall in the guidelines value per square foot change is likely to occur.
In low-density residential zones, Crystal City, Minnesota, for instance, guidelines only allows five homes per acre whereas Jefferson City County, Virginia, only density zoning allows one home per acre. For details on the city's unique zoning regulations, contact them.
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Each year, the red lobster restaurant chain awards the lighthouse award to store managers who demonstrate outstanding leadership and live the firm’s core values. The lighthouse award is an example of.
Each year, the red lobster restaurant chain awards the lighthouse award to store managers who demonstrate outstanding leadership and live the firm’s core values. The lighthouse award is an example of a "Most recognized employee award".
What is the "Most recognized employee award"?A recognition award is a concrete expression of employee appreciation given to a person or group to let them know that their effort or achievement is worthy of celebration. You may preserve that amazing occasion for you and your team by celebrating with a one-of-a-kind item.
Awards for employee appreciation can be given to team members for a variety of accomplishments. There are many possibilities for this kind of acknowledgement, and they may be simply tailored for any business endeavour or occasion.
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nikita enterprises has bonds on the market making annual payments, with ten years to maturity, a par value of $1,000, and selling for $980. at this price, the bonds yield 7.5 percent. what must the coupon rate be on the bonds? (do not round intermediate calculations and enter your answer as a percent rounded to 2 decimal places, e.g., 32.16.)
Per value $1,000.00
Current Price $980.00
Years to maturity 10
Yield to maturity 7.50%
Coupon payment per year $72.09
Coupon rate 7.21%
The coupon rate be on the bonds is 7.21%.
I bonds earn hobby from the first day of the month you purchase them. Twice a year, we upload all of the hobbies the bond earned in the preceding 6 months to the principal (main) value of the bond. That gives the bond a brand new fee (antique price + interest earned).
There are ways that traders make cash from bonds. The individual investor buys bonds immediately, with the aim of preserving them till they mature so that they will make the most of the hobby they earn. They will additionally buy into a bond mutual fund or a bond alternate-traded fund (ETF).
Each bond and notes pay interest every six months. The interest fee for selected security is about on the auction. The rate for a bond or a word can be the face fee (also referred to as par cost) or maybe extra or much less than the face cost. The price relies upon the yield to maturity and the hobby fee.
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what is the npv of a project that would cost $80000 today and be expected to produce annual cash flows of $7300 forever with the first annual cash flow expected in 1 year, if the cost of capital of the project is 9.34 percent?(round the value to nearest dollar)
$4,468 Is the npv of a project that would cost $80000 today and be expected to produce annual cash flows of $7300 forever with the first annual cash flow expected in 1 year, cost of capital is 9.34 percent.
Step-1:Calculation of present value of annual cash inflows Present Value=Annual Cash inflow/Cost of Capital = $ 7,100/9.40% = $ 75,532 Step-2:Calculation of NPV of the project Present value of cash inflow $ 75,532 Less Investment $ 80,000 NPV $ (4,468)
Capital budgeting places a greater emphasis on cash flows than profits, in contrast to several other methods of investment analysis. Instead of accounting the income and expenses resulting from the investment, capital budgeting focuses on identifying the cash inflows and outflows. Since they are cash flow activities, non-expense items like debt principal payments are, for instance, accounted for in capital budgeting. Contrarily, because they are not cash transactions, non-cash expenses like depreciation are not taken into account when planning capital expenditures (save to the extent that they have an impact on tax calculations for "after tax" cash flows). The amount of money that enters and leaves a business over the course of a fiscal year is referred to as annual cash flow.
Divide the cash flow for the period by the number of times it happens in a year.
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reasons behind the drop in bank profitability in the late 2000s include: i. flattening of the yield curve. ii. increase in competitive pressures on asset pricing. iii. increases in foreclosures in the mortgage market. iv. increases in net interest margin.
Reasons behind the drop in bank profitability in the late 2000s include increase in competitive pressures on asset pricing. Hence, option B is correct.
What is asset pricing?The Asset Pricing Program looks into the factors that influence the prices and returns of financial and tangible assets such stocks, bonds, cash, and real estate. It also looks into the behavior of the individuals and organizations that invest in these assets.
Asset prices are also of fundamental significance for the macroeconomy since they provide crucial information for important economic decisions impacting actual investments and consumption.
Thus, option B is correct.
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according to the capm, what is the market risk premium given an expected return on a security of 17.3%, a stock beta of 0.9, and a risk-free interest rate of 11%?
The market risk premium is 7.00%, given an expected return on a security of 17.3%, a stock beta of 0.9, and a risk-free interest rate of 11% is
Risk premium (Rs-Rf)÷B
Here,
Risk free rate of return (Rf) 11.0%
Beta of the stock (B) 0.9
Portofio expected return (r) 17.3%
Risk premium (17.3% -11%) ÷0.9 = 7.00%
A risk premium is the excess of an asset's expected investment return over its risk-free rate of return. Investors receive compensation in the form of a risk premium for an asset. It serves as compensation for investors who accept more risk in a particular investment than they would in a risk-free asset.For instance, there is often low default risk associated with high-quality bonds issued by reputable businesses that generate significant profits. So, compared to bonds issued by less well-known businesses with a larger risk of default and uncertain profitability, these bonds pay a lower interest rate. Investors are compensated for their increased risk tolerance by the higher lending rates that these smaller businesses must charge.Learn more about Risk premium, here
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state regulations regarding the sale of alcohol over the internet can negatively impact the business of fine wine distributors, making it all the more critical for their marketers to adjust their marketing strategies based on these factors.
State regulations regarding the sale of alcohol over the internet can negatively impact the business of fine wine distributors, making it all the more critical for their marketers to adjust their marketing strategies based on these technological factors.
In the field of business, the ways in which a company manages the production and the sales of its product including e-commerce are referred to as technological factors.
Effective marketing strategies need to be applied by keeping into consideration all the technological factors. The operation of an organization is based on its technological factors.
The imposition of state regulations over the sale of alcohol is a technological factor that needs to be focused on and requires adjusting the marketing strategies.
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what are the risks of partnering? select all that apply. group of answer choices slower time-to-market incompatible cultures loss of intellectual property, particularly trade secrets loss of autonomy and control lack of attention in managing the relationship
The risks of partnering are Loss of autonomy and control, Lack of attention in managing the relationship, Incompatible cultures, Loss of intellectual property, particularly trade secrets.
Any procedure or technique used by a firm that is often kept a secret from the public is considered a trade secret. Trade secret information is often the result of internal research and development and provides the company with a competitive edge over its rivals.
A corporation must make a reasonable attempt to keep the knowledge hidden from the public in order for it to be legally regarded as a trade secret in the United States. Additionally, the information must have informational value and intrinsic economic value. A company's intellectual property includes its trade secrets. A trade secret is not known to the general public, unlike a patent.
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A factory in germany produces millions of auto parts a year, and has been able to reduce its costs per unit as it increased its production. This demonstrates the concept of.
A German business that makes millions of vehicle parts annually was able to lower its cost per unit as it boosted production. This serves as an example of the idea of economies of scale.
Cost advantages that businesses enjoy when production becomes efficient are known as economies of scale. By increasing production and reducing expenses, businesses can attain economies of scale. Costs are divided among more products, which causes this. Costs come in fixed and variable forms.
When it comes to economies of scale, the size of the business typically matters. Cost savings increase with business size. Both internal business and external economies of scale are possible. While external economies of scale are influenced by outside causes, internal ones are based on management choices.
Economies of scale result in cheaper per-unit costs for a variety of reasons. Production volumes are first increased through worker specialization and better technological integration. Additionally, decreased per-unit prices may result from larger advertising purchases, bulk orders from suppliers, or lower startup costs. Third, cost reduction is aided by dividing internal function costs among a greater number of manufactured and sold units.
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two years ago, an investor bought mutual fund shares. today, if the investor intends to purchase additional shares, she can obtain a reduced sales charge by using:
If the investor intends to purchase additional shares, she can obtain a reduced sales charge by using Rights of accumulation.
When the combined value of newly purchased and previously held mutual funds reaches a rights of accumulation (ROA) breakpoint, a mutual fund shareholder's sales commission fees are subject to a lower rate.
Mutual fund companies design rights of accumulation breakpoints to give investors commission breaks. The sales commission charge structures for investment funds are decided by mutual fund providers. When an investor purchases shares of a mutual fund through an intermediary, the investor is subject to sales fees. The sales commission schedules of mutual fund companies may include ROA breakpoints.Even though they're prevalent, not all funds provide ROAs, so if you intend to build up a significant stake, be sure before buying.Learn more about Rights of accumulation, here
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frito lay introduced electric vehicles and compressed natural gas semi-trucks to their fleet. this is an effort to improve their company's: group of answer choices complexity analysis bottom-line performance sustainability
Frito lay introduced electric vehicles and compressed natural gas semi-trucks to their fleet. this is an effort to improve their company's Sustainability.
It is a form of petroleum that typically happens in affiliation with crude oil. A fossil gasoline, herbal fuel line is used for power generation, heating, and cooking and as a gasoline for sure vehicles.
Today, maximum EV car batteries have a existence expectancy of 15 to twenty years in the car – and a 2d existence beyond.” It's additionally really well worth noting that EV battery era remains evolving, in order tech develops we assume batteries' lifespan to increase – in addition to turning into cheaper, smaller or even lighter.
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bristo corporation has sales of 1,000 units at $50 per unit. variable expenses are 40% of the selling price. if total fixed expenses are $20,000, the degree of operating leverage is:
The degree of operating leverage is 3 times
The degree of operating leverage calculates how much a company's operating income changes in respect to a change in sales. The DOL ratio analysts in determining the impact of any change in sales on the company earnings.
Calculating the problem:Total contribution margin = Units sold × contribution margin per unit
= 1000 × (50×60%)
= 1000×30
= $30,000
Net operating income = Total contribution margin - fixed expenses
= 30000 - 20000
= $10,000
Degree of operating leverage = Total contribution margin / net operating income
= 30000 / 10000
= 3
What Is Operating Leverage?
Operating leverage is a cost-accounting formula that calculates the degree to which a firm or project can gain operating income by increasing revenue. A business that operates sales with a high gross margin and low variable costs has high operating leverage.
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a payer requires the provider to list specific identifiers supplemental claim information on the cms-1500. determine the most likely place they would require this information to be reported.
Item Number 19 is the most likely place they would require this information to be reported.
The standard claim form for billing Medicare carriers and durable medical equipment regional carriers (DMERCs) when a provider is eligible for a waiver from the Administrative Simplification Compliance Act's (ASCA's) requirement for electronic filing of claims is the CMS-1500 form. Some Medicaid state agencies also utilize it for billing purposes. Additional information on the patient's health or the claim is specified in Item No 19 where the provider can list supplemental claim information.
On paper claims, Box 19 is frequently utilized for information that the CMS-1500 claim form cannot otherwise allow. This field's data entry will print but NOT export electronically. To find out where the data is anticipated, kindly get in touch with your payer.
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In the ________ activity of scm, supply chain managers create a responsive and flexible network for receiving defective, returned, or excess products back from their customers, as well as for supporting customers who have problems with delivered products.
In the return activity of SCM, supply chain managers create a responsive and flexible network.
SCM refers to Supply Chain Management. Supply Chain Management refers to the flow of goods and services and takes into concern the transformation of all raw materials into finished products. They also help in the supply of products between different business sectors and locations.
Supply chain management has various activities like supply planning, production planning, inventory planning, and so on. The Return activity refers to that part of the supply chain where the chain deals with the returned products which have been given back due to defects, excess quantity, and so on. It also helps in dealing with the problems of the customers and helps them with newer products.
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pine corporation provides $1,000 of services on account with terms 2/10, n/30. if the customer takes the discount and pays within 10 days, pine will receive
Pine corporation provides $1,000 of services on account with terms 2/10, n/30. if the customer takes the discount and pays within 10 days, pine will receive 980.
Services (business), an aggregation of a service engagement with one or more services acts between two or more service systems creating service outcomesService (economics), the non-material equivalent of a good in economics and marketing, within a service–product continuumService economy, which increases the integration of services in other sectors of the economyService sector, the traditional tertiary sector of the economy,
discounts, allowances, and lower base prices for products and services. Discounting is a financial technique that allows a debtor to provide a creditor the right to postpone payment. Delay discounting is the reduction in perceived value of receiving a good later than when it is initially desired.
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economic efficiency in a free market occurs when group of answer choices consumer surplus is maximized. price is as low as possible. producer surplus is maximized. the sum of consumer surplus and producer surplus is maximized.
Economic efficiency in a free market occurs when the sum of consumer surplus and producer surplus is maximized.
In order to serve each person or entity in the best possible manner while minimizing waste and inefficiency, economic efficiency implies an economic state. Any adjustments made to benefit one entity would hurt another in an economically effective economy. The cost of production is kept as low as feasible for both the fixed and variable inputs of production.
Allocative, productive, distributive, and Pareto efficiency are a few words that refer to different stages of economic efficiency. Economic efficiency is essentially an idealized limit that can only ever be approached.
Instead, to determine how effectively an economy operates, economists examine the amount of loss, sometimes known as waste, between pure efficiency and reality.
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Describe how the economic system would affect entrepreneurs in the country.
The Economic System has a very vital role in entrepreneurship.
An entrepreneur can put his/her entrepreneur skills into practice only when the economy is stable. It majorly depends on Demand and Supply factors, government policies, business environment.
By offering cutting-edge technologies, goods, and services, entrepreneurs stimulate economic growth. Existing businesses are forced to become more competitive due to increased entrepreneurship competition. Long-term and short-term job prospects are both created by entrepreneurs.
There is freedom of choice and free enterprise in a market economy. Private business owners are free to acquire and utilize resources for the production of goods and services.
Many people think of capitalism as an economic system in which private individuals own and control property according to their own interests, and where supply and demand freely determine market prices in a way that can best serve the needs of society. Profit-making is the primary driving force behind capitalism.
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siskiyou, inc. has total current assets of $1,200,000; total current liabilities of $500,000; long-term assets of $800,000; and long-term debt of $600,000. how much is the firm's total equity?
The total equity of Siskiyou, inc. is $900,000.
What is total equity?Entire assets minus total liabilities equals equity. A company's balance sheet will contain all of these numbers.
The sum that investors put in a firm in return for stock, plus all future profits realized by the company, less all future dividends paid out, is referred to as total equity.
Total equity =( current assets + long term assets) - (long term debt + current liabilities)
= 2,000,000-(500,000+600,000)
= $900,000
Hence, The total equity of Siskiyou, inc. is $900,000.
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suppose that kim k decides to spend $30,000 on an american‑made purse instead of donating it to haitian earthquake relief. assume that the multiplier is 1.6 . how much will gdp rise when kim k buys her purse according to the multiplier effect? $ 33000
K decides to spend $30,000 on an american‑made purse instead of donating it to haitian earthquake relief. Chanage in GDP = 51,000 will gdp rise when kim k buys her purse according to the multiplier effect.
Joint Task Force-Haiti supported U.S. foreign disaster assistance, coordinated by the U.S. Agency for International Development Bureau for Humanitarian Assistance, at the request of the government of Haitian from August 15 to September 2, 2021, to assist those affected by a devastating earthquake in Haiti's Southern Claw. Joint Task Force-Haitian, along with the Bureau for Humanitarian Assistance of the U.S. Agency for International Development, carried out overseas disaster assistance operations from August 15 to September 2, 2021, to assist those affected by a devastating earthquake in Haiti's Southern Claw.
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the residents of ecuador earn $700 million of income from abroad. residents of other countries earn $200 million in ecuador. the earnings of ecuadorian residents abroad are accounted for in ecuador's
The earnings of Ecuadorian residents are accounted for Ecuador's GNP (gross national product) which is larger than its GDP (gross domestic product).
Gross national product (GNP), determined without taking into consideration the depreciation or usage of capital utilized in the manufacturing operation, is the total value of the final goods and services manufactured by a nation's economy during a particular period of time (typically a year).
Whereas GDP (gross domestic product) means the total market value of all the goods and services produced in an economy during an accounting period. When local industries sell more commodities and services to foreign countries than national customers purchase from international customers, the gross domestic product (GDP) of that nation generally increases. A nation is considered to have a current account surplus when this occurs.
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